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Market NewsNewsDe Beers reports 15% rise in Q1 production

De Beers reports 15% rise in Q1 production

De Beers reported today that its total production had increased by 15% to 8.5million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater production at the Orapa operation in Botswana, miningweekly.com reported.

In Canada, Gahcho Kué, which had achieved its nameplate capacity in 2Q17, saw a 69% increase in production during the first three months of this year. This resulted in an output of 1.1 million carats. (De Beers holds 51% of the Gahcho Kué project, the other 49% belonging to Mountain Province Diamonds.), said the miningweekly.com report.

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